The Risk Analyst will focus on ensuring an adequate control environment in line with the stated Risk Appetite statement, working closely with functional teams within the enterprise and with risk teams. This person will play a key role and be a part of the regulated risk function that oversees and defines the risk culture within the enterprise through a number of key risk activities.
The position is responsible for managing new corporate customer credit risk with a view of balancing the risk and return. You must ensure customer business activities are in line with our company policies and customer financial exposure is properly assessed and controlled within acceptable limits.
The position is the contact point for the regional sales team on new applications and may handle request raised from existing customers. You will work with our merchant monitoring to ensure ongoing assessments and that any customer risk is maintained within company risk appetite.
The role of Risk Analyst includes assisting the risk function in the following areas:
- Merchant Underwriting
- Merchant Monitoring
- Fraud Mitigation
- Audit
- Compliance
Key responsibilities
- Underwrite new merchants / corporate customers and determine the associated risks and required security deposit.
- Assess business models in the context of due diligence and compliance with the guidelines of the payment industry.
- Ensure business activities are in line with their contractual agreement and that the deposit held is sufficient.
- Support changes made on existing business accounts, including risk decisions on adding/closing merchant identification numbers, and settlement caps.
- Cooperate with sales operations and sales and efficiently support the customer boarding process.
- Ensure documentations are valid and accurate.
- Ensure compliance with Card Associations and Central Bank Regulations.
- Manage communication with other departments and partners regarding process review and controls and internal contact for risk management and compliance inquiries.
- Monthly reporting.
- Perform periodic review of the portfolio.
- Assist in the preparation of the Risk Committee documentation.
- Assist with Audits of the function
- Assist in the fraud detection function, and transactions monitoring.
- Assist in building and updating the Risk and Process Taxonomy
- Assist in building Risk and Control Framework, and the Risk Universe in line with the Risk Appetite.
- Support management to maintain and improve risk management policies and procedures.
Experience and requirements
- Third-level degree qualification is preferable at Certificate, Diploma or Degree level or equivalent.
- 3 years experience in the payments/acquiring business or in the risk management of online eCommerce business in the Asia Pacific market.
- Experience with formal risk assessment methodologies.
- Experience with KYC and AML functions.
- Ability to effectively communicate in written and verbal form across functional groups within the company, with Customers, Partners, the Card Schemes.
- Excellent computer literacy - especially in Microsoft Excel, PowerPoint, and Teams.
- Understanding of the financial statements
- Team-player
- Detail focused
- Proactive
